Short Sell Your Home

October 19, 2009 by  
Filed under Blog, Short Sell Your Home

A short sale is an agreement with the lender to accept less than the amount owed by a borrower. This agreement from the lender releases the borrower from the mortgage, helping them prevent foreclosure. This is the best option for any borrower who is facing foreclosure.

A short sale will not affect your credit score as poorly as a foreclosure would. It has been proven that a borrower will qualify to purchase another property 18-24 months after a short sale. This is greatly beneficial to homeowners considering the current market conditions, which in this case will be allow short sale candidates to purchase a property when the market bottoms (18-24 months). Homeowners who short sale now, will be able to have equity in new properties purchased in the next 18-24 months. We have helped homeowners in all types of situations; we will be able to help you too. Whatever your hardship may be, one of our counselors will be able to pave your way to a bright new future!

In order to be eligible for the short sale, Housing Assist will have to prove to your lender that you are a victim of some type of hardship. This will be the reason you are unable or will be unable to make payments moving forward.

What is considered a hardship?

  • Loss of primary income
  • Unemployment
  • Health Conditions
  • Medical expenses
  • Relocation
  • Failure of business
  • Bankruptcy
  • Death of spouse or significant other
  • Divorce or separation

We have built relationships will all major lenders and will be able to establish a case for you. Don’t be discouraged, there are options available to you!! Call a Housing Assist counselor today at: 888-877-0078


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